Mach Natural Resources LP (NYSE:MNR) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its stake in shares of Mach Natural Resources LP (NYSE:MNR) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 271,608 shares of the company’s stock after acquiring an additional 21,101 shares during the period. Sei Investments Co. owned about 0.26% of Mach Natural Resources worth $4,666,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MNR. Signaturefd LLC acquired a new stake in Mach Natural Resources during the 4th quarter worth $26,000. Hollencrest Capital Management acquired a new position in Mach Natural Resources during the fourth quarter worth about $34,000. Parkside Financial Bank & Trust purchased a new stake in Mach Natural Resources during the 4th quarter valued at about $43,000. Avior Wealth Management LLC grew its stake in Mach Natural Resources by 33.3% during the 4th quarter. Avior Wealth Management LLC now owns 12,000 shares of the company’s stock valued at $206,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Mach Natural Resources by 13.7% in the 3rd quarter. Franklin Resources Inc. now owns 138,800 shares of the company’s stock valued at $2,354,000 after acquiring an additional 16,725 shares during the last quarter. 78.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on MNR. Raymond James restated a “strong-buy” rating and issued a $25.00 price target (up from $23.00) on shares of Mach Natural Resources in a research report on Monday, February 10th. Stifel Nicolaus boosted their price objective on Mach Natural Resources from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Truist Financial raised their target price on Mach Natural Resources from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, January 13th.

Insiders Place Their Bets

In related news, Director William Wallace Mcmullen bought 5,161,290 shares of the stock in a transaction on Friday, February 7th. The stock was bought at an average price of $15.50 per share, with a total value of $79,999,995.00. Following the completion of the purchase, the director now directly owns 74,287,410 shares in the company, valued at $1,151,454,855. This represents a 7.47 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 87.80% of the stock is owned by insiders.

Mach Natural Resources Price Performance

Mach Natural Resources stock opened at $15.62 on Thursday. The company has a 50 day moving average price of $15.78. The stock has a market cap of $1.85 billion, a PE ratio of 8.22 and a beta of -0.40. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.16 and a current ratio of 1.24. Mach Natural Resources LP has a 1-year low of $13.53 and a 1-year high of $21.19.

Mach Natural Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.00 annualized dividend and a yield of 12.80%. Mach Natural Resources’s payout ratio is 105.26%.

Mach Natural Resources Profile

Mach Natural Resources LP, an independent upstream oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquids reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas, and the panhandle of Texas. It also owns a portfolio of midstream assets, as well as owns plants and water infrastructure.